iShares MSCI Switzerland ETF (NYSEARCA:EWL) Short Interest Up 275.9% in May

iShares MSCI Switzerland ETF (NYSEARCA:EWL) was the recipient of a significant growth in short interest in the month of May. As of May 29th, there was short interest totaling 2,614,927 shares, a growth of 275.9% from the May 14th total of 695,569 shares. Approximately 10.2% of the shares of the company are short sold. Based on an average trading volume of 531,326 shares, the days-to-cover ratio is presently 4.9 days.

iShares MSCI Switzerland ETF Stock Up 3.0%

Shares of NYSEARCA:EWL traded up $1.83 during midday trading on Thursday, reaching $62.91. The company’s stock had a trading volume of 533,177 shares, compared to its average volume of 685,822. The firm has a market capitalization of $1.61 billion, a PE ratio of 21.82 and a beta of 0.77. iShares MSCI Switzerland ETF has a twelve month low of $51.83 and a twelve month high of $65.53. The stock has a fifty day moving average of $61.40 and a 200 day moving average of $60.77.

Institutional Trading of iShares MSCI Switzerland ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Bank of America Corp DE lifted its holdings in iShares MSCI Switzerland ETF by 6.2% during the first quarter. Bank of America Corp DE now owns 2,107,897 shares of the exchange traded fund’s stock valued at $123,965,000 after purchasing an additional 122,272 shares in the last quarter. 1607 Capital Partners LLC lifted its holdings in iShares MSCI Switzerland ETF by 135.7% during the fourth quarter. 1607 Capital Partners LLC now owns 1,494,082 shares of the exchange traded fund’s stock valued at $89,585,000 after purchasing an additional 860,283 shares in the last quarter. Morgan Stanley lifted its holdings in iShares MSCI Switzerland ETF by 6.8% during the fourth quarter. Morgan Stanley now owns 999,835 shares of the exchange traded fund’s stock valued at $59,950,000 after purchasing an additional 63,355 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in iShares MSCI Switzerland ETF by 142.2% during the third quarter. JPMorgan Chase & Co. now owns 725,576 shares of the exchange traded fund’s stock valued at $40,081,000 after purchasing an additional 425,970 shares in the last quarter. Finally, Vontobel Holding Ltd. lifted its holdings in iShares MSCI Switzerland ETF by 1.0% during the fourth quarter. Vontobel Holding Ltd. now owns 674,489 shares of the exchange traded fund’s stock valued at $40,442,000 after purchasing an additional 6,848 shares in the last quarter. Institutional investors and hedge funds own 68.30% of the company’s stock.

iShares MSCI Switzerland ETF Company Profile

iShares MSCI Switzerland Capped ETF (the Fund), formerly iShares MSCI Switzerland Capped Index Fund, is an exchange-traded fund (ETF). The Fund seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the MSCI Switzerland 25/50 Index (the Index). The Index consists of stocks traded primarily on the Zurich Stock Exchange. The Index is a free-float adjusted market capitalization weighted index with a capping methodology applied to issuer weights so that no single issuer of a component exceeds 25% of the Index weight and all issuers with weight above 5% do not exceed 50% of the Index weight.